Asked by Marissa Gonçalves on Jul 15, 2024
Verified
Statement I: Unemployment was higher in the 1970s than in the 1960s.
Statement II: Unemployment was higher in the 1980s than in the 1970s.
A) Statement I is true and statement II is false.
B) Statement II is true and statement I is false.
C) Both statements are true.
D) Both statements are false.
Unemployment
A condition where individuals who are capable of working and are actively seeking work are unable to find employment.
- Analyze historical trends in unemployment and inflation rates.
Verified Answer
HF
HASNAIN FATEH MUHAMMEDJul 21, 2024
Final Answer :
C
Explanation :
Both statements are true. In general, the 1970s experienced higher unemployment rates than the 1960s due to factors like the oil crisis and stagflation. The 1980s, particularly the early years, saw even higher unemployment rates as a result of economic policies and adjustments, including those aimed at controlling inflation.
Learning Objectives
- Analyze historical trends in unemployment and inflation rates.